Skip to main content

About your Search

20121205
20121213
Search Results 0 to 3 of about 4 (some duplicates have been removed)
to signal it in some way and then you'll have a two-stage process. they'll do the fiscal cliff stuff and tax reform by august 1 of next year. >> but the speaker so far has not had a rebellion underneath him. he has said things that continue to move in this direction without a rebellion. here's what happened oned with. the president called speaker boehner, my congressional add aides are going to meet with your people. what ron neighbors said tell us what you want after you agree to rates. the white house thought that was an accommodating conversation. the republicans interpreted that as seeking their humiliation. so even within the contours of conversations that are direct and face to face, there are wildly differing interpretations. >> republicans, by the way, know if boehner crosses that bridge, that it could be immediately leaped and get a democratic victory dance on rates without really getting serious on the other side. that's what the lack of trust causes in this process. >> schieffer: i guess in the final analysis, nothing is going to happen until the last minute of the last hour, thou
force us over the fiscal cliff and into a new recession with higher taxes for everyone? house speaker john boehner called it another wasted week. >> well, this isn't a progress report because there's no progress to report. >> report. >> schieffer: the president won't budge. no deals unless it includes higher taxes on upper income people. >> we're going to have to see the rates on the top two percent go up. it's not me being stubborn. it's not me being partisan. >> schieffer: the president says it's math, but is it math or politics. we'll talk with former republican senator it alan simpson, and clinton white house chief of staff, erskine bowles, who chaired the first deficit reduction commission. they're concerned about the dangers ahead. so concerned that simpson took to the dance floor to urge young people to get involved. we'll also get the take of rising democratic star cory booker, the mayor of newark. what's his answer to the washington gridlock? and is he planning a run for governor against chris christie. for analysis, we'll turn to joe klein of "time" magazine. "washington pos
-- is all this just posture or are they really going to let us go over this fiscal cliff? >> lord, i hope not, bob. i think it would be disastrous for the country if we did. you know, you can look at the forecast that we have, economic growth would slow, you know, by 4%. that, by definition, puts you back into recession when you're only growing by 2%. about two million people would lose their jobs. unemployment would go to 9%. you know, you can already see the effects of it-- you look at businesses, they're slowing their head count by atricks they're saying they're going to have to lay people off. they're going to cut their capital expenditures. they're going to cult their investments. they're already holding cash. moody's and fitch have said they would lower our credit rating. that would cause our interest rate to go up. i don't think the stock market has facted on factored this in. i think it would be a disaster to go over the cliff. >> schieffer: what about you usenator simpson, would they really let this happen? >> when you have responsible leaders saying like this, i think it would h
Search Results 0 to 3 of about 4 (some duplicates have been removed)